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Michael F. Easley
Governor
State of North Carolina
Office of the Governor
Governor's Press Office
State Capitol, Raleigh, NC 27603-8001
(919) 733-5612 - Toll Free 1-800-662-7005
FAX (919) 733-5166
For Release: IMMEDIATE Contact: Carrington Skinner
Date: November 28, 2007 Phone: 919/ 733-5612
GOV. EASLEY ANNOUNCES 556 JOBS IN MECKLENBURG COUNTY
State Grants Help Bring $35 Million Investment for Shaw Power Expansion in Charlotte
RALEIGH – Gov. Mike Easley today announced that The Shaw Group Inc. will expand its Shaw Power Group operations in Charlotte, adding 556 jobs and investing $35 million during the next five years. The announcement was made possible in part by a Job Development Investment Grant.
“The decision of this FORTUNE 500 company to expand in North Carolina shows that our state continues to offer the business climate and talented workforce sought by top industries,” said Easley. “These global firms recognize that North Carolina’s economic development policies help them grow and succeed.”
The Shaw Power Group currently employs 780 workers at its downtown Charlotte headquarters and 165 at a facility in west Charlotte. The additional 556 jobs will be primarily for engineers and designers but also will include other professional and administrative positions. While wages will vary by job function and experience, the expected overall average yearly salary for the new jobs will be around $81,000 plus benefits, which is significantly more than the Mecklenburg County average of $35,672 not including benefits.
“The Shaw Group is enthusiastic about the expanding role Charlotte will play as our Power Group headquarters,” said J.M. Berhnard Jr., chairman, president and CEO for The Shaw Group. “The state’s high-quality secondary education system and regional universities as well as the tremendous talent pool in the region were key factors in our decision to expand in Charlotte.”
The Shaw Group, which is headquartered in Baton Rouge, La., was founded in 1987 as a fabrication shop by Bernhard and two colleagues. Today it is a leading provider of a wide array of services including engineering, procurement, construction, technology, fabrication, manufacturing and environmental remediation with annual revenues expected to surpass $7 billion this fiscal year.
In 2000, the company acquired the assets of Stone & Webster and expanded into the energy industry. The Charlotte-based Shaw Power Group was strengthened in 2006 when the company acquired a 20 percent share in Westinghouse Electric Co.
-MORE-

Michael F. Easley
Governor
State of North Carolina
Office of the Governor
Governor's Press Office
State Capitol, Raleigh, NC 27603-8001
(919) 733-5612 - Toll Free 1-800-662-7005
FAX (919) 733-5166
For Release: IMMEDIATE Contact: Carrington Skinner
Date: November 28, 2007 Phone: 919/ 733-5612
GOV. EASLEY ANNOUNCES 556 JOBS IN MECKLENBURG COUNTY
State Grants Help Bring $35 Million Investment for Shaw Power Expansion in Charlotte
RALEIGH – Gov. Mike Easley today announced that The Shaw Group Inc. will expand its Shaw Power Group operations in Charlotte, adding 556 jobs and investing $35 million during the next five years. The announcement was made possible in part by a Job Development Investment Grant.
“The decision of this FORTUNE 500 company to expand in North Carolina shows that our state continues to offer the business climate and talented workforce sought by top industries,” said Easley. “These global firms recognize that North Carolina’s economic development policies help them grow and succeed.”
The Shaw Power Group currently employs 780 workers at its downtown Charlotte headquarters and 165 at a facility in west Charlotte. The additional 556 jobs will be primarily for engineers and designers but also will include other professional and administrative positions. While wages will vary by job function and experience, the expected overall average yearly salary for the new jobs will be around $81,000 plus benefits, which is significantly more than the Mecklenburg County average of $35,672 not including benefits.
“The Shaw Group is enthusiastic about the expanding role Charlotte will play as our Power Group headquarters,” said J.M. Berhnard Jr., chairman, president and CEO for The Shaw Group. “The state’s high-quality secondary education system and regional universities as well as the tremendous talent pool in the region were key factors in our decision to expand in Charlotte.”
The Shaw Group, which is headquartered in Baton Rouge, La., was founded in 1987 as a fabrication shop by Bernhard and two colleagues. Today it is a leading provider of a wide array of services including engineering, procurement, construction, technology, fabrication, manufacturing and environmental remediation with annual revenues expected to surpass $7 billion this fiscal year.
In 2000, the company acquired the assets of Stone & Webster and expanded into the energy industry. The Charlotte-based Shaw Power Group was strengthened in 2006 when the company acquired a 20 percent share in Westinghouse Electric Co.
-MORE-